Usf Research Foundation
Usf Research Foundation reported $16.8 million in revenue and $16.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $94.01 went to program services, $5.99 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 76.6% of the total. The highest compensation it reported for one person was $834,806 (DIRECTOR). Revenue rose 13% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $16MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $17MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 76.6% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $834,806 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.17% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 59.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 13 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe Research Foundation assists in developing high-technology businesses and research partnerships that boost the economy and create high-paying jobs in the tampa bay area by developing its Usf Research park of tampa bay into a hub for biotechnology and life sciences research and entrepreneurship
The Research Foundation provides a mechanism by which discoveries, inventions, processes and work products of usf faculty, staff and students can be transferred from the university laboratory to benefit the public. Income is allocated in accordance with usf policy on inventions and works to inventors and their research support funds, and for direct support of research at the university
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $781,889 | $52,917 | $834,806 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $643,956 | $38,656 | $682,612 |
| TREASURER Director/trustee, officer, 1.00 hrs/week | $0 | $491,327 | $41,968 | $533,295 |
| FMR TREAS/DIREC (TERM 10/23/23) Former, 1.00 hrs/week | $0 | $390,327 | $11,700 | $402,027 |
| DIRECTOR (TERM 12/31/24) Director/trustee, 1.00 hrs/week | $0 | $349,317 | $26,845 | $376,162 |
| PRESIDENT AND CEO Director/trustee, officer, 1.00 hrs/week | $0 | $331,001 | $39,190 | $370,191 |
| FMR PRES/DIREC (TERM 1/18/21) Former, 1.00 hrs/week | $0 | $257,717 | $33,233 | $290,950 |
| DIRECTOR (START 6/3/25) Director/trustee, 1.00 hrs/week | $0 | $244,337 | $12,602 | $256,939 |
0 people received more than $100,000 in reportable compensation from Usf Research Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 67
Private foundation grants it received
5 private foundations reported grants to Usf Research Foundation totaling $267K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Usf Research Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Usf Research Foundation, you can publish a response that is linked from this page.
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Of every $100 Usf Research Foundation spent in FY2025, $94.01 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Usf Research Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Usf Research Foundation reported that 94.0% of its $16.1 million in expenses went to program services, 6.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Usf Research Foundation pay its top executive?
The largest total compensation Usf Research Foundation reported for one person in the fiscal year ending June 30, 2025 was $834,806, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Usf Research Foundation get its money?
Of $16.8 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 76.6% from program service revenue (Form 990, Part VIII).
Is Usf Research Foundation a registered charity?
The IRS lists EIN 59-2959590 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631329349305253 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511349349310316 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441359349300124 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341329349307414 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241319349302499 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131339349305348 · read the filing
All filings for EIN 59-2959590: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.